Investor Alert

Market Pulse Archives

Dec. 18, 2018, 6:52 a.m. EST

DPW to pursue IPO of its technology and defense businesses

Watchlist Relevance

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    S&P 500 Index (SPX)

or Cancel Already have a watchlist? Log In

By Tomi Kilgore


DPW Holdings Inc. said Tuesday it will pursue an initial public offering of its DPW Technology Group, which includes its defense and aerospace and electronics and power solutions businesses. The diversified industrial company expects the IPO to be completed in the first half of 2019. DPW will remain a majority shareholder of the new entity. "Our strategy is to create opportunities for investors to hold equity in more focused, streamlined entities," said Chief Executive Milton Ault, III. "The technology and defense businesses have generated a significant backlog, and we believe the capital from an IPO will accelerate revenue growth and, ultimately, add value to our stockholders." DPW's stock, which was still inactive in premarket trade, has plunged 96% year to date, while the S&P 500 /zigman2/quotes/210599714/realtime SPX +0.11% has slipped 4.8%.

+4.93 +0.11%
Volume: 0.00
June 9, 2023 5:38p

Get news alerts on S&P 500 Index — or create your own.
This Story has 0 Comments
Be the first to comment
More News In

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.